What is CPM?
When it comes to CPM most people think they get payed by every 1,000 visitors but is actually by 1,000 pageviews, theres a HUGE difference!
CPM stands for Cost per Mile which is Cost Per Thousand views (VIEWS not Visitors)
For example one day you might have 500 visitors to your site, lets say all those 500 visitors viewed 3 pages and in each page you have a total of 2 banner ads so that means:
500 x 3 = 1500 x 2 = 3,000
That means 500 visitors gave your 3,000 pageviews, so depending how much the CPM network you are using pays per 1,000 impressions then thats how much you make.
For example lets say the CPM network you are using pays 0.40cents per 1,000 pageviews that means with 3,000 pageviews you made like $1.20
Of course there are networks that pay even 3$ or even more per 1,000 imps, but if your sites are mainly warez then you will probably not get into any of those really HIGH paying networks!
You have a website which doesn't fall into the "legal" area but instead is in a gay area? Feel free to try this ad networks out! If you have a good site with potential they will accept you!
*For legal site networks scroll down.
My personal Choices:
(I Have listed my personal choices in an order based on which AD Networks brings me the most revenue.)
NOTE: Some of this sites such as Contextweb.com have changed what sites they accept so try at your own luck, if you get denied then respond back with a smart summary saying why they should accept you. (this is assuming you own a site which also provides,tutorials,articles,etc and not just a "warez" site)
IDGTechNetwork.com (CPM)

*Your site must get at least 150,000 Impressions monthly in order to be accepted.
*They Prefer Tech & Gaming Websites.
*Premium network.
*Very high rates (Avegare around $0.75-$2.00 per 1,000 Impressions)
*If you use Welcome pages using the tools they provide you might see CPM's as high as $30.00 per 1,000 Impressions.
*Not a very easy to get it Network
CONTEXTWEB.COM (CPM)
(Probably best CPM company out there since you name your own CPM price)

Have a site that gets most of the traffic from USA? Then give this guys a try, Let's say you have a forum which gets 5-10k unique a day and most of it it's from USA, you might easily squeeze out 300-400$ monthly out of this guys. Have a forum that gets way more traffic? then you will earn BIG time from this guys, trust me
* You must have a site which do not only shares stuff but a site with an active member base where discussions happens, tutorials are good & a plus)
* If you get denied send them a nice little message explaining why you think your site will do good and you will probably get accepted.
* only count USA traffic
*You can add a default tags which will display your backup ads if they don't have high fill rates for your site.
If you sign up using my referral you will get an extra 10% bonus, so PM and ill send you a referral!
"Referred publisher also gets an extra 10% bonus* payment for their first full month with CONTEXTWEB"
*Note:
You might experience very low rates from Jan-Feb (this is because is the beginning of the year and it takes some times for advertisers to get going again)
*Use this referral url and get
10% Bonus!
(Remove Spaces)
Code:
http://exchange.contextweb.com/Publisher/PublisherInvitation.aspx?p c=PubReferral|RNTE4MDIy
(note to mods: im not trying to get referrals simply helping members since they get more money for using referral)
http://metanetwork.com (CPM/CPC/CPL)
* Work by Revenue Share 50%-50%
* Rotative tags (cpc,cpm,cpl)
* Average ecpm is between 0,30 and 1,30, depending on the audience.
* If most of your traffic comes from USA and UK you will get very good rates.
* Used by Warez-bb.org
underdogmedia.com (CPM)
*good CPM rates
*make sure you go to your ads settings and stuff,learn the panel, deactivate all CPA ads,low paying ads etc, and leave the top paying CPM ads active to make sure you get the highest CPM rates.
*You can add a default tags which will display your backup ads if they don't have high fill rates for your site.
SMXchange.com (CPM)
Just recently started testing this guys out and it looks like their avg CPM's are $0.10 per 1,000 Impressions. This might increase later on but I don't know that for sure since I just started testing them out. Their rates are far way better than Smowtion & CPX
Marimedia.net (CPM)
Just recently started testing this guys out and it looks like their avg CPM's are $0.10 per 1,000 Impressions. This might increase later on but I don't know that for sure since I just started testing them out. Their rates are far way better than Smowtion & CPX
CPXinteractive.com (CPM)

probably the most popular CPM ads for warez forums
*most of the time you must have an alexa rank under 100K in order for this guys to accept your site.
*not so good CPMs
(range avg from 0.06-0.15 per 1000 imps)
*Very low CPMS
(Use this guys if you have no other choice)
Smowtion.com (CPM/CPA/CPC)

*Not a big fan.
*Horrible Rates
*make sure to sign up as an referral using someone Else's referral link since they pay 80% to referrals and if you sign up directly through their site you will only get payed 60%
*Use this guys if you have no other choice
Sign up using my refferal to get 80% share of revenue:
(remove spaces)
Code:
https://publisher.smowtion.com/users/sign up/drzflow
(note to mods: im not trying to get referrals simply helping members since they get more money for using referral)
Adbrite.com (CPM/CPC)

*In my opinion one of the most horrible low paying companies but if you have no choice then use them!
Have a site which provides 100% legal content? Then give networks below a try.
ADSENSE (CPC/CPM)
*Run by Google, what else is there to say?
*Best CPC (Cost Per Click) AD network
TribalFusion.com (CPM)
*Very good rates
*A minimum of 500,000 unique users per month
*Probably the hardest network online to get into
*Click
HERE to view their full requirements
CASALEMEDIA (CPM)

*Very good CPM rates
*High Requirements
IDGTechNetwork.com (CPM)

*Your site must get at least 150,000 Impressions monthly in order to be accepted.
*They Prefer Tech & Gaming Websites.
*Premium network.
*Very high rates (Avegare around $0.75-$2.00 per 1,000 Impressions)
*If you use Welcome pages using the tools they provide you might see CPM's as high as $30.00 per 1,000 Impressions.
*Not a very easy to get it Network
BurstMedia (CPM)
*Good Rates
APPLY
REQUIREMENTS
ValueClickMedia (CPM)
*Good CPM Rates
*Decent Popunder rates
GorrilaNation (CPM)
*Good Rates
*High Requirements
BannerConnect (CPM)
*Good Rates
*A minimum of 100,000 impressions per month
*Unique content
*Frequently updated content
*Content written in either in English, Spanish, German, French or Dutch
*A Privacy Policy
*A professional design
*A high quality domain name
Own a Porn Site? Try the networks below!
NOTE: I Don't own a porn site therefor I have never tried any adult CPM networks. I listed the networks below by reading feedback from users around the web
(NEW ADDITION)
http://adultrevenueservice.com/index.php

While browsing for some adult ad networks I found this network, They seem to have 3 kind of programs, CPC (cost per click), CPM (Cost Per Mile aka Cost Per Impressions) and PPS (Pay Per Sale)
* PAY PER SIGN UP:
We maintain a simple yet flexible PPS program for a wide variety of sites including Reality Sites, Video Sites, Traditional Niche sites, and BYOT sites. All of the sites in the PPS program have a base payout of
$35 PER SIGNUP, with
no volume requirements. New sites are paying up to
$75 PER SIGNUP.
* PAY PER SIGN UP (LIVE CAM SITES):
Our
FREE live cam site program is as simple and straightforward as the rest of our programs. We offer two ways to promote Smut Cams: Per FREE or Per ACTIVE member.
Like the rest of our sites, the payout model is simple and has no volume requirements, you simply earn
$40 PER FREE JOIN and $75 PER ACTIVE MEMBER! Promoting Per Active works by giving your member FREE $20 in cam time to use and once that is spent and additional time has been purchased, you get paid $75 for that signup.
* WEBSITE REFERRAL PROGRAM:
ARS offers
THREE ways to promote the ARS affiliate program. It is often difficult to properly promote a program to new Webmasters with only one system, so we made three! For your Webmaster based web pages, we offer a
COMBINED Per Click payout along with a Per Impression payout(CPM). If you prefer, we also offer a referral percentage program, which allows you to earn a 5%
LIFETIME commission on referred Webmasters that have never been a part of the ARS program. Both systems are easy to use, and the payout schedules are listed below:
http://www.blacklabelads.com (CPM/CPC)

BlackLabelAds is like an adbrite porn alternative. Never tried them but they seem to be pretty popular. I have read a lot of reviews which state they are good but a lot of them also state that they have very low rates.
http://adultadworld.com (CPM/CPC)

Adultworld is another pretty popular one, never tried them neither but I have read that they are some what better than black label ads
http://www.juicyads.com/ (MARKETPLACE)(CPM/CPC)

Juicy ads is an adult marketplace where you sell ad space on your site to advertisings who are looking to advertise their ads on adult websites. You can sell them at the price you wish, pick an avg prize to start off as no one will pay high prices to book an ad on your site unless you get huge traffic.
Some random networks that may accept your site:
Adonion.com -
http://adonion.com (CPC/CPM/CPA)
ACCEPT WAREZ
Ad4Game - http://www.ad4game.com (CPC/CPM/CPA) ACCEPT WAREZ
ad2games - http://www.ad2games.com (CPC) ACCEPT WAREZ
Adengage - http://www.adengage.com (CPC/Marketplace) ACCEPT WAREZ
Adtoll - http://www.adtoll.com (CPC/Marketplace)
Adbrite - http://www.adbrite.com (CPC/CPM) ACCEPT WAREZ
ValueClickMedia - http://www.valueclickmedia.com (CPC/CPM)
CPMStar - http://www.cpmstar.com (CPC/CPM/CPA) ACCEPT WAREZ
axill - http://www.axill.com (CPM/CPA)
casalemedia - http://www.casalemedia.com (CPM)
Rightmedia - http://www.direct.rightmedia.com (CPM/CPC/Other)
SpeedyAds - http://wwww.entireweb.com/speedyads/ (CPC) ACCEPT WAREZ
clickhype - http://www.clickhype.com (CPM) ACCEPT WAREZ
etology - http://www.etology.com (CPC/Marketplace) ACCEPT WAREZ
Game advertising online - http://www.game-advertising-online.com (?)
widgetbucks - http://www.widgetbucks.com (CPC/CPM) ACCEPT WAREZ
intergi - http://www.intergi.com (CPC/CPA/CPM)
Project Wonderful - http://www.projectwonderful.com (Marketplace)
shoppingads - http://www.shoppingads.com (CPC/CPA/Other)
Microsoft adCenter - http://www.adcenter.microsoft.com (CPC/CPM)
clicksor - http://www.clicksor.com (CPC/CPM/Other) ACCEPT WAREZ
text-link-ads - http://www.text-link-ads.com (Marketplace/Other)
ArcadeFocus - http://www.arcadefocus.com (CPC/Other)
BidVertiser - http://www.BidVertiser.com (CPC/Other) ACCEPT WAREZ
Chitika - http://www.Chitika.com (CPC/Other)
Oxado - http://www.Oxado.com (CPC/Other)
Yahoo Publisher - http://publisher.yahoo.com/ (CPM/CPC/Other)
CPX Interactive - http://www.cpxinteractive.com (CPM/Other) ACCEPT WAREZ
adtegrity - http://www.adtegrity.com (CPM/Other)
Funklicks.com - http://www.funklicks.com (CPC) ACCEPT WAREZ
tribalfusion - http://www.tribalfusion.com (CPM/Other)
burstmedia - http://www.burstmedia.com (CPM/Other)
popuptraffic - http://www.popuptraffic.com (CPM/Other) ACCEPT WAREZ
bannerconnect - http://www.bannerconnect.net (CPM/Other)
kontera - http://www.kontera.com - (CPC/Other) ACCEPT WAREZ
Neverblue - http://www.neverblueads.com (CPA)
accelerator-media - http://www.accelerator-media.com (CPM/Other)
mochiads - http://www.mochiads.com (CPC/CPM/Other)
MibbiJr - http://www.mibbijr.com (CPC/Marketplace)
inviziads - http://www.inviziads.com (CPC/CPM) (IN GAME ADS)
Big Fish Games - https://pnp.bigfishgames.com (CPA)
underdogmedia - http://www.udmserve.com/ (CPC/CPM) ACCEPT WAREZ (VERY PICKY)
onads.com - http://www.onads.com (CPC/Other)
Smowtion.com - http://www.smowtion.com (CPC,CPM,CPA) ACCEPT WAREZ